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I found a 180 loophole to income-based repayment schemes

tl;dr Income is calculated post-401k contribution, so max yo...
Sooty Odious Old Irish Cottage Mental Disorder
  03/14/19
LJL at proles who have to repay loans.
pontificating native
  03/14/19
Actually it's incredibly prestigious to let the government p...
Sooty Odious Old Irish Cottage Mental Disorder
  03/14/19
...
pontificating native
  03/14/19
...
Talented volcanic crater senate
  06/24/19
...
Copper Wild French Chef National
  06/25/19
...
Swashbuckling hideous trust fund den
  06/25/19
...
plum heady antidepressant drug
  01/06/21
...
well-lubricated crotch
  03/09/23
Elizabeth Warren bump
Sooty Odious Old Irish Cottage Mental Disorder
  04/22/19
So fraud. Would bet the house you're Jewish
milky puppy trump supporter
  06/24/19
the entire system is fraud on multiple levels
supple deep theater coldplay fan
  06/24/19
...
plum heady antidepressant drug
  01/06/21
...
Sooty Odious Old Irish Cottage Mental Disorder
  06/25/19
Just pay back money so bantu kikes can enjoy a healthy treas...
plum heady antidepressant drug
  01/06/21
it's not a loophole. you're supposed to report material chan...
irradiated garnet legal warrant
  06/24/19
...
Massive Cream Step-uncle's House
  06/24/19
He's Jewish. I've heard this "loophole" logic used...
milky puppy trump supporter
  06/24/19
OY VEY PAY UP UR SHEKELS!
supple deep theater coldplay fan
  06/24/19
jews being jews doesn't justify fraud. have some integrity.
irradiated garnet legal warrant
  06/24/19
OY VEY ITS ANNODAH SHOAH!
supple deep theater coldplay fan
  06/24/19
https://www.google.com/amp/s/amp.app.com/amp/740083002 Lo...
milky puppy trump supporter
  06/24/19
...
Sooty Odious Old Irish Cottage Mental Disorder
  06/25/19
...
floppy mischievous parlour
  07/28/19
...
Swashbuckling hideous trust fund den
  06/25/19
What is the largest percent that is immaterial friend?
free-loading stimulating stain
  06/24/19
(110 iq redditor asking "but where do we draw the line?...
irradiated garnet legal warrant
  06/24/19
No
free-loading stimulating stain
  06/24/19
25% is pushing it
wine preventive strike
  06/24/19
cr, this faggot needs to be prosecuted
Harsh ladyboy
  06/24/19
You misunderstand this checkbox on the income certification ...
Sooty Odious Old Irish Cottage Mental Disorder
  06/25/19
180
judgmental misunderstood hell
  06/24/19
Happy purim
galvanic heaven
  06/24/19
...
pearly costumed trailer park
  06/24/19
...
milky puppy trump supporter
  06/25/19
There are all sorts of schemes like this...its 180
Copper Wild French Chef National
  06/25/19
Bookmarking for later
dull toilet seat mad cow disease
  06/25/19
...
well-lubricated crotch
  03/09/23
They are cracking down on income based repayment fraud, luck...
Sooty Odious Old Irish Cottage Mental Disorder
  07/28/19
...
gold blathering deer antler abode
  07/28/19
...
Sooty Odious Old Irish Cottage Mental Disorder
  08/24/22
This works if your annual income contains a large bonus ever...
motley black woman ticket booth
  08/24/22
More POWERFUL hack: lose your job and get on unemployment. U...
hairraiser nowag azn
  08/24/22
...
Sooty Odious Old Irish Cottage Mental Disorder
  03/09/23


Poast new message in this thread



Reply Favorite

Date: March 14th, 2019 8:49 PM
Author: Sooty Odious Old Irish Cottage Mental Disorder

tl;dr Income is calculated post-401k contribution, so max your 401k in the month you use to certify income

The income-based programs allow you to use a paystub to certify income and use taxable income to estimate your income.

What I did was max out my 401k one month: I make $14.5k/month (paid monthly), and Vanguard maxes out at 75%, so put up about 10k into my 401k, leaving my monthly income as ~$4.5k. I submitted this paystub to the loan servicer and now have a ~$200/mo payment.

This is 180 because even if I go the entire 25 years, it doesn't come close to my total loan value. Also, time value of money and I also expect further loan relief. Worst case scenario I get rich and have to pay back my loan.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932644)



Reply Favorite

Date: March 14th, 2019 8:50 PM
Author: pontificating native

LJL at proles who have to repay loans.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932659)



Reply Favorite

Date: March 14th, 2019 8:51 PM
Author: Sooty Odious Old Irish Cottage Mental Disorder

Actually it's incredibly prestigious to let the government pay hundreds of thousands on your behalf and then stiff the government on the repayment.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932664)



Reply Favorite

Date: March 14th, 2019 8:52 PM
Author: pontificating native



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932669)



Reply Favorite

Date: June 24th, 2019 10:35 PM
Author: Talented volcanic crater senate



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435257)



Reply Favorite

Date: June 25th, 2019 11:26 AM
Author: Copper Wild French Chef National



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437252)



Reply Favorite

Date: June 25th, 2019 11:41 AM
Author: Swashbuckling hideous trust fund den



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437328)



Reply Favorite

Date: January 6th, 2021 12:17 PM
Author: plum heady antidepressant drug



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688316)



Reply Favorite

Date: March 9th, 2023 7:26 PM
Author: well-lubricated crotch



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031448)



Reply Favorite

Date: April 22nd, 2019 7:50 PM
Author: Sooty Odious Old Irish Cottage Mental Disorder

Elizabeth Warren bump

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38126710)



Reply Favorite

Date: June 24th, 2019 9:52 PM
Author: milky puppy trump supporter

So fraud. Would bet the house you're Jewish

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435038)



Reply Favorite

Date: June 24th, 2019 9:54 PM
Author: supple deep theater coldplay fan

the entire system is fraud on multiple levels

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435041)



Reply Favorite

Date: January 6th, 2021 12:18 PM
Author: plum heady antidepressant drug



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688319)



Reply Favorite

Date: June 25th, 2019 11:39 AM
Author: Sooty Odious Old Irish Cottage Mental Disorder



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437321)



Reply Favorite

Date: January 6th, 2021 12:18 PM
Author: plum heady antidepressant drug

Just pay back money so bantu kikes can enjoy a healthy treasury

Eat shit

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688322)



Reply Favorite

Date: June 24th, 2019 9:57 PM
Author: irradiated garnet legal warrant

it's not a loophole. you're supposed to report material changes in your income. you don't think that your income going up by 300% the next month is a material change?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435049)



Reply Favorite

Date: June 24th, 2019 10:15 PM
Author: Massive Cream Step-uncle's House



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435145)



Reply Favorite

Date: June 24th, 2019 10:16 PM
Author: milky puppy trump supporter

He's Jewish. I've heard this "loophole" logic used to justify various forms of fraud

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435159)



Reply Favorite

Date: June 24th, 2019 10:26 PM
Author: supple deep theater coldplay fan

OY VEY PAY UP UR SHEKELS!

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435215)



Reply Favorite

Date: June 24th, 2019 10:27 PM
Author: irradiated garnet legal warrant

jews being jews doesn't justify fraud. have some integrity.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435222)



Reply Favorite

Date: June 24th, 2019 10:27 PM
Author: supple deep theater coldplay fan

OY VEY ITS ANNODAH SHOAH!

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435226)



Reply Favorite

Date: June 24th, 2019 10:32 PM
Author: milky puppy trump supporter

https://www.google.com/amp/s/amp.app.com/amp/740083002

Loophole or nah?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435248)



Reply Favorite

Date: June 25th, 2019 2:09 PM
Author: Sooty Odious Old Irish Cottage Mental Disorder



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38438246)



Reply Favorite

Date: July 28th, 2019 4:27 PM
Author: floppy mischievous parlour



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601731)



Reply Favorite

Date: June 25th, 2019 11:41 AM
Author: Swashbuckling hideous trust fund den



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437336)



Reply Favorite

Date: June 24th, 2019 10:29 PM
Author: free-loading stimulating stain

What is the largest percent that is immaterial friend?

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435238)



Reply Favorite

Date: June 24th, 2019 10:37 PM
Author: irradiated garnet legal warrant

(110 iq redditor asking "but where do we draw the line?")

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435274)



Reply Favorite

Date: June 24th, 2019 11:03 PM
Author: free-loading stimulating stain

No

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435416)



Reply Favorite

Date: June 24th, 2019 10:38 PM
Author: wine preventive strike

25% is pushing it

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435284)



Reply Favorite

Date: June 24th, 2019 11:07 PM
Author: Harsh ladyboy

cr, this faggot needs to be prosecuted

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435434)



Reply Favorite

Date: June 25th, 2019 11:39 AM
Author: Sooty Odious Old Irish Cottage Mental Disorder

You misunderstand this checkbox on the income certification form.

I ALWAYS check the "my income has significantly changed" box so that they let me use paystubs to calculate income instead of tax returns.

You only have to certify once a year. You have the option of certifying again (say if you lost your job or similar), but are not required to. Hilariously, if your income changes upward, you still can pay the lower rate the rest of the year. Income based repayment is a "heads I win, tails you lose" program.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437316)



Reply Favorite

Date: June 24th, 2019 10:29 PM
Author: judgmental misunderstood hell

180

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435240)



Reply Favorite

Date: June 24th, 2019 10:36 PM
Author: galvanic heaven

Happy purim

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435262)



Reply Favorite

Date: June 24th, 2019 11:04 PM
Author: pearly costumed trailer park



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435422)



Reply Favorite

Date: June 25th, 2019 11:22 AM
Author: milky puppy trump supporter



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437225)



Reply Favorite

Date: June 25th, 2019 11:26 AM
Author: Copper Wild French Chef National

There are all sorts of schemes like this...its 180

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437255)



Reply Favorite

Date: June 25th, 2019 11:28 AM
Author: dull toilet seat mad cow disease

Bookmarking for later

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437264)



Reply Favorite

Date: March 9th, 2023 7:28 PM
Author: well-lubricated crotch



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031460)



Reply Favorite

Date: July 28th, 2019 3:30 PM
Author: Sooty Odious Old Irish Cottage Mental Disorder

They are cracking down on income based repayment fraud, luckily they are getting at the dumb goyim who claim 30 dependents: https://abcnews.go.com/amp/Politics/wireStory/feds-find-potential-fraud-student-loan-repayment-plans-64575667

Still riding this loophole, but currently have $0 payments for the next year because I had a brief lapse of employment and recalculated income during this period lol.

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601528)



Reply Favorite

Date: July 28th, 2019 4:25 PM
Author: gold blathering deer antler abode



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601728)



Reply Favorite

Date: August 24th, 2022 9:00 PM
Author: Sooty Odious Old Irish Cottage Mental Disorder



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#45065702)



Reply Favorite

Date: August 24th, 2022 9:05 PM
Author: motley black woman ticket booth

This works if your annual income contains a large bonus every year. It makes sense as well because you can’t guarantee you’ll have a giant bonus next year so you certify based on your lower income like you would on child support

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#45065720)



Reply Favorite

Date: August 24th, 2022 10:03 PM
Author: hairraiser nowag azn

More POWERFUL hack: lose your job and get on unemployment. Update/recertify your income using your unemployment checks as your basis. Enjoy like a $30/month payment for a year. Rinse and repeat as needed. Thanks libs!

(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#45065984)



Reply Favorite

Date: March 9th, 2023 7:25 PM
Author: Sooty Odious Old Irish Cottage Mental Disorder



(http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031443)